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THV system, final edition

  • #2,881
  • Jan 22, 2009 12:08am Jan 22, 2009 12:08am
Quoting cashmeer
ADD: See why Cobra says don't post and trade...either FIB I posted it jusy broke down and I missed it again !!!!
Now you know why,lol.

BTW: gonna have a small nap now, was a long day and London opens soon, see you all later.
  • #2,882
  • Jan 22, 2009 4:13am Jan 22, 2009 4:13am
Hi Guys,

Lets focus on the chart attached for EU pair. The question here is like the tittle.

The positive facts:
1. Trend 1 is uptrend and convince by trend2 (trend 2 was immediate draw)
2. blue line is above coral
3. thin red and green line (support chart below) didn't show any worms means no overbuy and oversell.

The Negative facts:
1. In the best entry box, there was pink candlestick which means that seller in control.
2. Previous trend, trend A and B shows down trend
3. MR1 was hard to brake previously
4. The RSI (stoch, my indicator not from THV V2) about to cross.

Should anybody have idea if we should trade "BUY" by the best entry box, please advise..

regards,
Attached Image (click to enlarge)
Click to Enlarge Name: 20090122-M5.png Size: 163 KB
  • #2,883
  • Jan 22, 2009 4:31am Jan 22, 2009 4:31am
I personally would have taken that entry two or three candles later, as at the one you signal on the box, PA is barely crossing the Coral and Trix lines are pointing down though above the zero line.

Two candles later, the Trix lines cross again upwards and all the rest of the conditions are met so that would be a better entry according to the rules.

Quoting khelemen
Hi Guys,

Should anybody have idea if we should trade "BUY" by the best entry box, please advise..

regards,
  • #2,884
  • Jan 22, 2009 4:52am Jan 22, 2009 4:52am
Quoting doblece
I personally would have taken that entry two or three candles later, as at the one you signal on the box, PA is barely crossing the Coral and Trix lines are pointing down though above the zero line.

Two candles later, the Trix lines cross again upwards and all the rest of the conditions are met so that would be a better entry according to the rules.
Doblece,

Two candle stick later means the first green or outside the best entry box?
1. if outside the box, worms started to create. it could reverse.
2. if inside, means the 2nd green candle stick, looks like dogi to me. It could reverse. (from the chart obviously it not reverse).
emm.. maybe at that time we need to look at the price line, if it is at the upper part or lower part of the candle stick before it end. I haven't notice this condition. what do you think?

regards,
  • #2,885
  • Jan 22, 2009 5:15am Jan 22, 2009 5:15am
to all. Like Tradewell, I've been considering changing my sleep hours. Stayed up later last night and started trading at 5:00am today. Should give me a bit more of the Asian market, then most of London and all of NY. Giving the market time to establish daily trend maybe.

I see Cobra was running on fumes. Stayed up until after 01:00am EST. Bet he earned a ton of PIPs. Good for you my friend.

Good trading to all. Disappearing to study charts and find a good trade or 3.

Welcome home Doblece!
Up or down, gimme a ticket
  • #2,886
  • Jan 22, 2009 5:30am Jan 22, 2009 5:30am
Quoting khelemen
Doblece,

Two candle stick later means the first green or outside the best entry box?
1. if outside the box, worms started to create. it could reverse.
2. if inside, means the 2nd green candle stick, looks like dogi to me. It could reverse. (from the chart obviously it not reverse).
emm.. maybe at that time we need to look at the price line, if it is at the upper part or lower part of the candle stick before it end. I haven't notice this condition. what do you think?

regards,
In fact, I would have taken the entry earlier, based on M1 (39 min earlier), and this would be a re-entry (the open of the green candle outside the box).

I don't see any qualifying doji there (at least on my candle chart at that time). The price line can be seen at the close, I wouldn't enter before.

I pay more attention to the Trix cross and direction than to the worms, on the candle that you signal the Trix lines had crossed down thus I would wait for them to cross up again for the entry or re-entry... of course a re-entry is riskier but as I said before, I wouldn't trade M5 alone, but paying more attention on how the PA is behaving on M1.
  • #2,887
  • Jan 22, 2009 5:34am Jan 22, 2009 5:34am
I am in
Attached Image (click to enlarge)
Click to Enlarge Name: thv-za web.gif Size: 28 KB
  • #2,888
  • Jan 22, 2009 6:12am Jan 22, 2009 6:12am
Quoting doblece
In fact, I would have taken the entry earlier, based on M1 (39 min earlier), and this would be a re-entry (the open of the green candle outside the box).

I don't see any qualifying doji there (at least on my candle chart at that time). The price line can be seen at the close, I wouldn't enter before.

I pay more attention to the Trix cross and direction than to the worms, on the candle that you signal the Trix lines had crossed down thus I would wait for them to cross up again for the entry or re-entry... of course a re-entry is riskier but as...
The entry explanation good enough!! only person like me will play with psychology when the worms started to create but it is not a problem cause the candlestick didn't change yet...

I was able to look at the first entry that you mention (attached). May be, I need to look at the M5 for exit not M1. M1 will get me heart attack and i would exit in few candlestick, could get 2/3 pips..

so the idea here, look at M1 for entry and M5 for monitoring and exit.. agree?

regards,
Attached Image (click to enlarge)
Click to Enlarge Name: 20090122-M1.jpg Size: 115 KB
  • #2,889
  • Jan 22, 2009 6:19am Jan 22, 2009 6:19am
Quoting somi
I am in
Somi, exactly same chart!! I post the M1
  • #2,890
  • Jan 22, 2009 7:15am Jan 22, 2009 7:15am
Good morning all. Let's see if some news gets things going!
  • #2,891
  • Jan 22, 2009 7:29am Jan 22, 2009 7:29am
Good morning Ed, TW and all. I need to readjust my sleep times. I awaited London opening. It was battle between trading or going to the Mattress Ball!

Let's see what news has in store today!
  • #2,892
  • Jan 22, 2009 7:33am Jan 22, 2009 7:33am
Quoting Gofer Pips
Good morning Ed, TW and all. I need to readjust my sleep times. I awaited London opening. It was battle between trading or going to the Mattress Ball!

Let's see what news has in store today!
Good morning Gofer PIPs. Getting up at 5:00am might work for me. Not many PIPs again this morning, but I feel more alert. News was bad for USD, but dollar is strengthening a bit. Direction still questionable, do you think?

Edit: We are just below the pivot.
Up or down, gimme a ticket
  • #2,893
  • Jan 22, 2009 7:35am Jan 22, 2009 7:35am
Bad news doesn't even budge it anymore, and the spreads settled within 2 minutes

May wait 3 minutes before I get back in!

Okay, back to the THV scalp of the chop-chop!
GL ALL!
  • #2,894
  • Jan 22, 2009 7:37am Jan 22, 2009 7:37am
Quoting SpecialEd
Good morning Gofer PIPs. Getting up at 5:00am might work for me. Not many PIPs again this morning, but I feel more alert. News was bad for USD, but dollar is strengthening a bit. Direction still questionable, do you think?

Edit: We are just below the pivot.
So far that DP has been a tough nut to crack!

But this kind of market really brings those quarter pivots into play.
  • #2,895
  • Jan 22, 2009 7:48am Jan 22, 2009 7:48am
A break of MS1 is also a break of the 62 fib from the last daily high to low.
  • #2,896
  • Jan 22, 2009 8:42am Jan 22, 2009 8:42am
Hi Cobra!
This is my first post on FF and I hope I do it reasonably well. Hello to everyone on FF. From what I've seen you are one hell of a bunch of good people. Because of what I've read on this forum I just HAD to join. Over time I hope that I can contribute something useful, not just take. Just wanted to thank you, Cobra, for all the work you've put into the THV system and I'm going to give it a try and see if I can make any sense of it. I only say that because before this I've never entertained the notion of trading the "ichi" cloud. When I had a look at the broker version it seemed much too complicated to me. I'm just a poor simple soul trying my best getting ready to make a reasonable living in the forex. LOL! I am a big fan of the KISS principle.
What I've been training on so far is a combination of some indicators from EA's that I'm not completely happy with. The EA's that is. (Yes, I've gone through my EA phase and don't have much faith in any of them.) So far my methods seems to work fairly well for me but I can always use more tools in my forex toolbox.
What I'm using at the moment is the HAS indicator from Don Steintz's Hedge robot coupled with two "exit" indicators set at 20 and 80 from Greg Throseby's "Trend Finder". All these together on 4 T/F's from the 1m up to the 30, using the 1HR as absolute corroboration. Use the 30m to see the main trend, 5m to trade, 15m as the proof for the 5m and the 1m for exact entries and exits. Works reasonably well for me but is a little bit awkward because of the multiple time frames and can get busy when the forex starts moving well.
Please don't get me wrong, I'm not advertising for any of these guys just giving you some ideas about trading. It may twig some ideas in you. Lately I've added fractals to the mix and will see how that works out. All the best to all of you. Hope 2009 is a banner year for you.

Kindest regards,

TG
  • #2,897
  • Jan 22, 2009 8:50am Jan 22, 2009 8:50am
Welcome to the thread TrueGirth. If you Like the KISS principle, your gonna love THV2!. If you have read the 1st page all is there. We trade 1m and 5m, but it works for all time frames.
Cobra, is never satisfied, but wants to continually better the THV.( This is compliment)
And EA is a 4-letter word here!

Good Luck, and you will find many traders here who post and are generous with their help!
  • #2,898
  • Jan 22, 2009 8:50am Jan 22, 2009 8:50am
Quoting khelemen
so the idea here, look at M1 for entry and M5 for monitoring and exit.. agree?
Indeed, that is what I usually do
  • #2,899
  • Jan 22, 2009 9:00am Jan 22, 2009 9:00am
Quoting doblece
Indeed, that is what I usually do
Thanks Doblece,

appreciate your view, I will start practice this way.

Actually, I had tried lots of systems recently looks like I fall back to THV 2. Started to view this thread from beginning but not really involve.

Hope this time I have better understanding and help others..

regards,
  • #2,900
  • Jan 22, 2009 9:01am Jan 22, 2009 9:01am
interesting little spike we just had - my, my. Oh, morning all -

and True girth - welcome
Pip what you see; See what you pip!
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